9,777 W.P. Carey Inc. $WPC Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 156.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,025 shares of the real estate investment trust’s stock after acquiring an additional 9,777 shares during the quarter. International Assets Investment Management LLC’s holdings in W.P. Carey were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sage Rhino Capital LLC lifted its position in shares of W.P. Carey by 10.6% in the third quarter. Sage Rhino Capital LLC now owns 3,842 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 368 shares in the last quarter. D.A. Davidson & CO. grew its position in W.P. Carey by 6.3% during the third quarter. D.A. Davidson & CO. now owns 7,165 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 425 shares in the last quarter. North Dakota State Investment Board grew its position in W.P. Carey by 5.8% during the third quarter. North Dakota State Investment Board now owns 6,820 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 375 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in W.P. Carey during the third quarter valued at approximately $26,000. Finally, Asset Management One Co. Ltd. grew its position in W.P. Carey by 6.9% during the third quarter. Asset Management One Co. Ltd. now owns 466,145 shares of the real estate investment trust’s stock valued at $30,127,000 after purchasing an additional 30,022 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WPC. Benchmark initiated coverage on shares of W.P. Carey in a research note on Tuesday, September 22nd. They issued a “buy” rating on the stock. UBS Group reissued a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of W.P. Carey from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Citigroup lowered their price target on shares of W.P. Carey from $75.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Finally, Barclays dropped their price target on shares of W.P. Carey from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 20th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, W.P. Carey has a consensus rating of “Moderate Buy” and an average price target of $76.79.

W.P. Carey Trading Up 1.3%

Shares of NYSE WPC opened at $65.50 on Thursday. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.78 and a beta of 0.75. The business has a 50 day simple moving average of $66.16 and a 200 day simple moving average of $70.77. W.P. Carey Inc. has a 52 week low of $62.19 and a 52 week high of $77.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.21 and a current ratio of 0.21.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The firm had revenue of $468.30 million during the quarter, compared to analyst estimates of $457.57 million. W.P. Carey had a return on equity of 7.67% and a net margin of 35.60%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 EPS. On average, research analysts predict that W.P. Carey Inc. will post 5.07 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.95 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.94. This represents a $3.80 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Wednesday, September 30th. W.P. Carey’s payout ratio is presently 131.03%.

W.P. Carey Company Profile

W.P. Carey Inc (NYSE: WPC) is a real estate investment trust specializing in the ownership and management of commercial properties under long-term, net lease agreements. In a net lease arrangement, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate rental income with relatively predictable operating expenses.

The company’s portfolio is diversified across industrial, warehouse, retail, self-storage and other commercial properties.